Webster Block Decision Delayed

August 15, 2012 Updated Aug 15, 2012 at 7:50 AM EDT

By WKBW News
By Business First by James Fink

August 15, 2012 Updated Aug 15, 2012 at 7:50 AM EDT

BUFFALO, NY (WKBW.com) - The Brown administration, along with a citizen's review panel, still have a "few more" questions for both developer Carl Paladino and the Buffalo Sabres owner Terry Pegula - the two bidders for the nearly two-acre parcel that sits in front of First Niagara Center and the HSBC Atrium.

"We needed to take a little more time," Brown said, "Both are strong proposals, but we need some additional information. It's not one thing, more like a series of questions that we'd like answered. None are too difficult to answer."

Paladino, through one of his development affiliates, has proposed to construct an 11-story building, anchored by a major hotel chain, upscale apartments and 110,000-square-feet of Class A office space. Restaurants and retail store fronts are part of his proposed $64 million, privately-funded development.

Pegula has offered to construct a pair of hockey rinks aimed at bring youth and amateur leagues and tournaments to downtown Buffalo. The project would also include a hotel, restaurants and retail and would be directly connected to First Niagara Center. The project carries a $123 million development price tag that Pegula would underwrite.

Brown said he hopes to make a final decision later this month and present it to the Buffalo Common Council when it meets after its summer recess on Sept. 4.

"We're still well within that range," Brown said.

The mayor wants to see construction start on the project by next spring.

"The best thing is that we have two solid proposals," Brown said. "It's a great problem to have."

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